Latest news
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POSCO Chemical partners with British startup Britishvolt to develop and supply battery materials
SEOUL -- POSCO Chemical, a unit of South Korea's top steel group POSCO, has secured a new partner for the expansion of its business in Europe through a deal with Britishvolt, a battery startup based in Britain, to develop and supply materials for electric vehicle batteries. Under a memorandum of understanding, the two companies agreed to cooperate on the joint development of battery materials to be used in Britishvolt's batteries and promote supply contracts. Along with t
June 30, 2022 -
LGES signs deal to receive battery materials from U.S-based Compass
SEOUL -- In an effort to establish a stable supply network in North America, LG Energy Solution, the battery-making wing of South Korea's LG Group, has secured a seven-year deal from Compass Minerals, a U.S. provider of essential minerals, to receive key raw materials for lithium-ion batteries. Under a memorandum of understanding, LG Energy Solution (LGES) would receive as much as 40 percent of Compass Minerals' planned annual phase-one lithium carbonate and lithium hydro
June 30, 2022 -
Lotte Chemical secures stable supply of four raw materials for electrolyte organic solvents
SEOUL -- Lotte Chemical, a major chemical company in South Korea, will produce four core materials for electrolyte organic solvents to have a competitive business structure and a stable supply of core raw materials for electric vehicle lithium-ion batteries. Lotte Chemical said it would produce ethyl methyl carbonate (EMC) and diethyl carbonate (DEC) through its own technology development for the first time in South Korea. EMC is a low viscosity solvent, generally prepared by the es
June 29, 2022 -
SK materials and Japanese partner consider joint entry into U.S. semiconductor material market
SEOUL -- SK materials, a major special gas producer in South Korea, and its Japanese partner, Showa Denko, proposed the idea of making their joint entry into the U.S. semiconductor material market, pointing to growing demands caused by a U.S. government campaign to strengthen domestic capabilities in manufacturing high-tech technologies. The two companies signed a memorandum of understanding at the head office of Showa Denko on June 29 to consider entering North America with semic
June 29, 2022 -
S. Korea's first homemade COVID-19 vaccine secures final state approval for manufacturing and sales
SEOUL -- South Korea's first homemade COVID-19 vaccine developed by SK Bioscience secured final state approval for manufacturing and sales at home and abroad. SK Bioscience will seek to get its vaccine listed by the World Health Organization for emergency use. The Ministry of Food and Drug Safety, a government public health agency, said it has approved the manufacturing and sales of SK Bioscience's vaccine codenamed GBP510 as a condition of submitting the final result repor
June 29, 2022 -
Silica used for Kolmar Korea's color cosmetics to replace microplastics
SEOUL -- Powder formulations containing microplastics are widely used for the soft application of color cosmetics, but research has been conducted to find alternative materials as microscopic plastic particles have become a serious environmental issue that can have devastating effects on ecosystems and human health. Kolmar Korea, a beauty and cosmetics product maker, has developed a technology that replaces microplastics used in color cosmetics with silica, a natural substance Silic
June 29, 2022 -
KT ties up with U.S. tech firm Swift Navigation to provide ultra-precision location service
SEOUL -- South Korea’s top telecom company KT tied up with Swift Navigation, a San Francisco-based tech firm, to provide an ultra-precision location data service by reducing the error range of GPS signals to centimeters. Precise positioning information can be applied to smartphones, self-driving cars, unmanned equipment, drones and flying taxis. KT said it has signed a business partnership with Swift Navigation that provides precise position solutions. Swift Navigation's r
June 29, 2022 -
[FOCUS] SK siltron leads establishment of domestic ecosystem in SiC power semiconductor production
SEOUL -- South Korean companies have pulled together to build a solid domestic ecosystem in the production of silicon and carbide (SiC) power semiconductors, which are emerging as a key component of electric vehicles, led by SK siltron, a wafer company that has pushed for the expansion of its global market share. Because of durability and stability, SiC power semiconductors are rapidly replacing silicon (Si) power semiconductors. SiC power semiconductors are used as a device that co
June 29, 2022 -
Solus board approves $187 million investment in copper foil factory in Canada
SEOUL -- Solus Advanced Materials, an electric component and copper product maker in South Korea, earmarked about 240 billion won ($187 million) for investment in the construction of a battery copper foil factory in Quebec, Canada. The plant is to start the mass production of 17,000 tons of foils in the second half of 2024. Solus said its board endorsed the proposed investment of 240 billion won in its subsidiary, Volta Energy Solutions (VES), which will own the foil factory in Cana
June 28, 2022 -
CJ Cheil Jedang's biodegradable plastic material selected as first case to receive state certification
SEOUL -- A biodegradable plastic material produced by CJ Cheil Jedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, was selected as the first case to receive state certification for excellent biodegradation properties. CJ Cheil Jedang has developed polyhydroxyalkanoates (PHAs), which are produced by bacteria during the fermentation process of sugar or lipids including fats, oils and waxes to store carbon and energy, and can be used with other
June 28, 2022
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Seoul aims to revitalize Han River into leisure, tourism hub
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Education startup Mathpresso makes TIME's top edutech company list
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Vietnamese schools adopt AI-based Korean learning platform
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VISUALS: Premier electric vehicle fair underway in Seoul
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HYBE takes legal action against NewJeans agency CEO amid management control feud
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand